Brazil's fourth largest telephone company Oi SA filed the largest bankruptcy in the country's history on Monday.

A summation and update regarding Rioforte's 2014 failure to pay back the $1.1 billion it owed to Portugal Telecom, as well as my direct correspondence with PT on the matter as a shareholder of the company.

The largest sector, natural gas pipelines, did well, but midstream, its current no. 2 business, did poor.

Reports from 15 countries, including two annual reports and some investing advice for Argentinians.

More follows from Singapore, China, and Hong Kong, and other places like Mexico, Britain, The Netherlands, S. Africa, Canada, Portugal, Spain, Brazil, and Finland.

Black box warning: The latest exchange-traded fund from Renaissance Capital aims to double up its initial public offering focus.

Abengoa reported flat revenues and net income for H1 vs 2013 H1, with sales at euros 3.4 bn and net income of euros 69 mn, up all of 2%.

The London gold fixing by a twice-daily process of “price discovery” was almost 100 years old when two New York University Stern Biz School professors revealed to the world that the benchmark setting the price of the yellow metal was manipulated.

While trading was up by volume by about 4% y-o-y, it rose 18% by value to $1.8 trillion, barely more than the new issues volume. Almost all the increase was in London where the most traded DR in the world has its home.

Eduardo Garcia writes that Fibra Uno, the Mexican REIT, is paying $90 mn to buy the Hilton Hotel in Mexico City's Centro Historico, of which $31 mn is the assumption of debt.

Otavio Marques of Azevedo sat on the board of Oi, the Brazilian target for takeover as a representative of the company Portugal Telecom (PT) was fusing into. As the deal progressed he moved over to PT's board as a representative of Oi.

Also Russell Jones and Rose Ferrer on emerging market bond risks; A renewed push for Mideast peace will boost ITRN; Betting on Electrovaya (EFLVF) and more international stock news follows.

Every single macro analyst said to overweight global equities; every single analyst said to underweight fixed income. This is supposed to be the sole way to play the taper of the Fed's quantitative easing policy. They are wrong.